Alarm Bells, Too Much Credit, Health of Housing 7/19/23
The Exchange
00:00
The Equity Market Rally Is Coloring the Perception That the Soft Landing Is in the Bag
Liz Everett-Krisburg is the chief economist at Bank of America Institute. She says spending between homeowners and renters has been diverging for most of this year. The higher income households have actually started to contract, according to her data. What sectors are continuing to have wage growth? Leisure and services,. she asks. Michael Darda with Roth, MKM: It's like you can't move him. He ain't moving.
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